Capital Distribution::Mandatory

Issuer & Securities

Issuer/ Manager
ELITE COMMERCIAL REIT MANAGEMENT PTE. LTD.
Security
ELITE COMMERCIAL REIT - SGXC59097235 - MXNU

Announcement Details

Announcement Title
Capital Distribution
Date &Time of Broadcast
01-Feb-2021 08:09:09
Status
New
Corporate Action Reference
SG210201CAPDPKYU
Submitted By (Co./ Ind. Name)
Shaldine Wang
Designation
CEO
Dividend/ Distribution Number
Not Applicable
Financial Year End
31/12/2020
Dividend/ Distribution Period
01/07/2020 TO 31/12/2020
Number of Days
184

Event Narrative

Narrative Type
Narrative Text
Additional TextElite Commercial REIT has announced a distribution of GBP 2.49 pence per unit for the period from 1 July 2020 to 31 December 2020.
Taxation ConditionsThe Distribution will be out of capital which represents a return of capital to Unitholders for Singapore income tax purposes and therefore exempt from Singapore income tax in the hands of all Unitholders.
Additional TextPlease refer to the attached.
Additional TextOversea-Chinese Banking Corporation Limited ("OCBC") and UBS AG, Singapore Branch ("UBS") are the joint issue managers for the Offering.
Additional TextOCBC, UBS, CGS-CIMB Securities (Singapore) Pte. Ltd. and China International Capital Corporation (Singapore) Pte. Limited are the joint bookrunners and underwriters for the Offering (collectively, the "Joint Bookrunners").

Event Dates

Record Date and Time
11/02/2021 12:00:00
Ex Date
10/02/2021

Disbursement Details

Cash Payment Details
Payment Type
Tax Exempted
Gross Rate (per share)
GBP 0.0249
Net Rate (per share)
GBP 0.0249
Pay Date
19/03/2021
Gross Rate Status
Actual Rate

Attachments

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02/02/2021 17:45:28

Applicable for REITs/ Business Trusts/ Stapled Securities